it, they don't understand customer service they have in business plan, you're just setting them up the fail. the educational part of this is ridiculous. the crypto markets so you're going to make sure that black men don't lose money many crypto? if what about anyone else who invests in crypto? all of this is absolutely nuts. i mentioned yesterday heelizing marijuana and making sure -- legalizing marijuana and making sure black men have an opportunity to make money in that area? every single state run by a democrat made that promise. i live in new jersey. when they handed out the licenses, not one black person got a single license. this is all lies, and it would rip the country apart and make black peopleless fortunate and prosperous. liz claman,s over to you. liz: charles, thank you very much. we've got breaking news. with the dow jones industrials lower but off the lows of the session but still down 6 the 9 points, the s&p -- 26 the 9, nasdaq down 190, russell's the only one in the green, the markets may not be on track for any records, but 8 of the most

widely-held stocks in america have had a gold medal session. 59 minutes left to trade, there's a good bet at least one of these eight names is in your portfolio. let's whip through them. all dow components, records. apple, american express, walmart and mcdonald's, they have all touched intraday records. they are there right now along with home depot, goldman sachs, travelers, ibm -- slightly negative here but, earlier it did touch an all-time high. for walmart it's a positive holiday spending outlooking for apple, some bullish data about smartphone shipment temperatures thanks to the iphone 16 launch. and earnings, never count those out, goldman's quarterly profits jumped 45%. but either solo or collectively, these 8 can not seem to hoist the dow9 into the green. the blue chips are getting dragged by this, this 7.8% drop in unitedhealth group. the largest u.s. health insurer getting smashed after forecasting 2025 the profits

below wall street estimates. unh says government cuts to medicare reimbursements are behind the conservative outlook, but that could be less of an issue for the overall macs than the disaster that the -- markets than the disaster that is asml. tanking right now 17.5%, it's the worst performer on the nasdaq, and it's dragging down the entire sector with it after someone or, i don't know, something inadvertently leaked earnings to asml's web site several days early. rival semiconductor machinery makers immediately started diving cue to the substance of the leak. you've got kra down 15%, applied materials down so % -- kla, applied materials down 10%. weaker booking, lore forecast and weak recovery outside the a.i. chip sector. look at nvidia which, by the way, closed at a record yesterday. it's falling about 1 at the moment or $20 the 1 to -- [laughter] look at this price. that's the nasdaq.

the nasdaq is -- with all of these names in it is just getting crushed here, down 1% and nvidia is down 5. it was on track to the to dethrone apple as the world's most valuable company, but for the moment it's taking a swim in the red sea. you could argue though that these asml issues, they're just one-off as. but it's the upcoming election and the angst ahead of it, is that a one-off? manufacturing in missouri state unexpectedly contracted -- in new york state -- which in and of it is not worrisome but when paired with potential geopolitical shocks becomes more so. joining me now, chief investment and portfolio strategist at blackrock's, america's -- blackrock americas. weapon sales will be at risk if the gaza humanitarian situation is not improved in 30 days. we are going to the take our viewers live to israel in just a few moments, but that's just one

issue. election meddling here in the u.s., russia's war on ukraine continuing. how do you view these potential market disruptions. >> good afternoon, liz. it's great to be here. thank you for having me. to your point, there are so many various factors that are driving equity markets as well as bond markets these days. geopolitical risks are just one of them. and in our fall investment directions, our q4 outlook, one of the things that we talk about is exactly trying to sort of think about the all-time highs that we're seeing in equity markets on one hand but some of the other volatility-inducing events on the other such as elections, such as geopolitical risks x. for those investors that do want to take some risk off the table, what are some of the ways they can do that. perhaps moving to the higher -- [inaudible] parts of the market, perhaps using gold as a way to diversify their portfolio, using income in the fixed income markets to bolster returns in their purchase. so these are certainly things that we're keeping in mind if

our full outlook. liz: okay. and fixed income because some people don't believe in gold as a real investment. others say, wait a minute, i just want the stay in cash. you have some fixed income picks. so is this better than cash? and explain some of these. we've talked with rick e eliter a lot about the flexible income if etf -- rick reider. you've got the belly of the curve, correct? >> absolutely, liz. and you made a really interesting point around investors sort of being in cash. and we've actually seen investors continue to gravitate towards cash because cash yields have been historically high. but especially now as the fed starts bringing rates down and, obviously, they've begun doing that but are expecting to continue to do so. we expect that the fed will cut 5 the basis points two more -- 25 basis points two more times this year. we think this is a good opportunity to earn income especially in that belly of the

curve. again, 3-7 year part of the fixed income markets especially with growth remaining as strong as it is in the u.s. and then interest rates coming down. we think clipping i coupons and things like blackrock income, so binc is an excellent way to do that without taking too much interest rate sensitivity, too much duration risk. so you can can get all-in yields which can be close to that 6 percent yield -- [audio difficulty] compared to recent history. liz: but, gargi, you said growth is still really good here. that translates the some of my viewer audience who says why don't i just go into stocks? say they are raring to go into stocks because we've got $8 trillion sitting on the sidelines. surely there are places that are better than the sidelines to put that money if they want to to go into equities. and so -- >> absolutely. liz: you're looking at growth at a reasonable price, you're looking at high quality.

so talk about that. where can they find that? >> yeah, absolutely. and, you know, most investors tend to have that bond allocation as well as a stock allocation obviously depending on their gauge, and to the point that you raised, the growth remaining high with rates coming down, equity markets are a really good place for investors as well. it maybe doesn't go up in a straight line every day, but rate-cutting cycles, historically those not followed by a recession, tend to be very good for equity markets. and some of the -- that we're talking about are looking at growth at a reasonable price. so we also talk about this being a really good opportunity to rotate into the value part of the market. so looking at blackrock long-term value, vlcv, which again gives you large cap but value. and then something like qual at the core of your portfolio, the backbone of your portfolio which focus on companies that have

that strong balance sheet and -- [inaudible] liz: yeah. i'm looking at qual, it's actually up 34 percent over the past year and just year to date it has had 2232 -- 222%, pretty much matching the s&p -- 222%. let's talk about the events, the election -- you're not saying don't do anything with your money right now ahead of the election, are you? that's 20 the days that people could lose out on some understood, right? [laughter] >> right. no, absolutely. in fact, we're saying quite the opposite. keep politics outside of your portfolio. but at the same time, we understand that some investors may want to consider some ways in which they can have some bipartisan themes in their portfolio that might be important to them. and in that case, we're thinking about areas of the market that willment continue to do well regardless of who's to in the white house come 2025. and we talk about broad themes that we think will continue to

do well, and infrastructure is one of those areas that we think is going to continue to do well regardless of what the outcome of these elections are. we also think about things like having debt independence, looking at -- [inaudible] that focus on tech independence is really important. and then another thing that we've been talking a lot about is really the rising deficit. again, something that -- liz: glad you're talking about it, because the candidates aren't talking about it. [laughter] >> and staying away from the are long end of the treasury market x. that's why we're focused on that belly of the curve,s like iei and binc that give you that exposure right around the 35 --year or lower -- 5 year or lore. liz: good to see you, gargi. while a a sml is drenching nearly all the check up makers, one of them is surging bigtime on news of funding.

we've bot the details coming up. and the father of emerging markets is pulling a 180on chinese stocks. where because he stand now when it comes to investing in the far east nation? mark mobius is here to tell you first on fox business. we're coming right back. ♪ ♪ chase knows how to put the hart in your local community. evan! you're helping them with savings, right? (♪) somebody just got their first debit card! ice cream on you? your money is a part of your community, so your bank should be too. like, chase! [coughing] hi susan, honey? yea. i respect that, but that cough looks pretty bad. try this robitussin honey. the real honey you love, plus the powerful cough relief you need.

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♪ ♪ with so much great entertainment out there... wouldn't it be easier if you could find what you want, all in one place? my favorites. get xfinity streamsaver with netflix, apple tv+, and peacock included, for only $15 a month. liz: fox business alert, one chip maker bucking the entire sector's downdraft, and it is wolf speed. up 19%, it had been up 35% earlier. so what is lifting it no matter what percentage here? the electric vehicle chip maker is catapulting after the company secured new especially financing. wolf speed announcing it raised $750 million from an investment

group led by apollo and fidelity management. that's not all. wolf speed also said the u.s. commerce department has proposed providing another $750 million to fund wolf speed's expansion in north carolina and new york. in addition, wolfspeed expects to receive $11 billion of cash tax -- $1 billion of catch tax refunds from the chips and science act over the next few years. president biden has visited wolfspeed, so he's quite aware of what's going on there. it appears investors are hungry for the stock. coty looking blemishished at this hour. the parent company of covergirl, sally hansen and kylie cosmetics expects first quarter sales to come in below prior forecasts, attributing it to a slowing u.s.

mass market business. walgreens in the green and rising to the very top of the s&p 500, up 13.5% after beating quarterly profit estimates. the pharmacy chain also forecast fiscal year earnings that were mostly in line with analyst expect educations. something the note though here as part of a major turn-around plan, walgreens a plans the shutter 1,200 stores over the next three years. please don't close the one in fort lee, new jersey. and a day after a big leaps and bounds, crypto is split here. earlier today bitcoin, which is still in the green, surged above 67,000. it's at $66,831 is right now. and etherium, which outpaced bitcoin's gains monday, also spiked earlier. right now it's reversed, and it stands at $25 the.86. by the way, there's a new kid on the block. former president donald trump's latest effort to win over crypto community came to light this

morning. trump officially launched his own digital coin. the token will be offered via a world liberty financial which is a decentralized finance platform. unlike bitcoin, the coin is nontransferable and will not generate income or return, but will instead permit users to vote on the platform's development. a majority of the coins will be reserved for accredited investors meaning those with a net worth of $1 million or more or who otherwise meet the accredited investor standards. the wait list opened at 8 a.m. eastern time, and we've been checking on world liberty financial's web site which, by the way, the web site crashed at the open, but now it is the up and running. i guess it consistent really have a price, right, guys? so it doesn't have a price, but you can still get on the wait risk. -- wait list. 535 million tokens have been sold up until one minute ago. wow.

donald trump just spoke at the chicago economic club, by the way. we're going to tell you what he said coming up, and kellyanne conway is going to weigh in on that. but first, chinese stocks have gone from the deep fridge the sizzling hot in a matter of just weeks. while we see a cooloff in some of the big names today, we ask mark mobius what's behind chinese president xi jinping's stimulus push and should investors trust it enough to buy in? because it's got kind of a spotty record right now. and my if podcast guest's mother emigrated from china to detroit to give her children a better life, but steven wang's mom was furious when the detroit teenager told her he was cropping out of high school to run a -- dropping out of high school, and then when he later made her so proud by getting into harvard, mom's happiness was dashed again because eight months later he drops out to start a new business. mom has changed her tune though because he's i now got a big

company up and running with backing from silicon valley billionaire heavyweights. it's a new app called cub. it let you mimic of the portfolios of warren buffett, bill ackman, former speaker of the house nancy pelosi. she's one of the most popular to follow, by the way, on dub's web site because she has a very good investment g record. i don't know if that's -- uh-oh. and former president donald trump. if hear how steven the pulled off the american dream on my if everyone talks to liz podcast. we are everywhere. wherever you get your podcasts. we're coming right back. dow is down an even to 301 points at the moment. s&p losing about 50. it's the nasdaq that's the biggest percentage loser, down 1.25%. ♪ ♪ (woman 1 vo) i have inherited the best traditions.

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like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. liz: folk, we've got oil prices cratering in the aftermarket. both brent and west texas intermediate are diving. okay, it was much worse though during the regular session. they were down more than 4. right now down 3.33%, 3.5% here. crude oil at the moment, wti down3 if.7% after israeli prime minister benjamin netanyahu reportedly told president biden that israel will retaliate against iran's missile attack a week and a half ago not by striking iranian oil or nuclear

operations, but instead will hit the rogue nation's military targets. fox news' trey yingst joins us live live from haifa, israel, with that and a new threat made to israel by the united states about maybe cutting off weaponry under certain circumstances, trey? >> reporter: yeah, liz, good afternoon. right now israel is preparing for an extended war with iran and its largest proxy, hezbollah. and with daily rocket fire targeting cities like haifa and even sometimes tel aviv, there's concern that israel is running low on missile interceptors for both the iron dome and short-range systems as well as the more advanced system, the arrow. over the past year, more than 20,000 rockets and missiles have been fired from gaza, lebanon, yemen and iran according to local reports, and that's why this week the united states is delivering a thad anti-ballistic missile system that will help israel protect its skies and sensitive locations on the ground. while israel plays defense, the

military is also going on offense, launching more strikes in southern lebanon and pushing ground forces ahead. the israeli military says it took out a hezbollah commander responsible for the group's drone unit. the strike comes after a drone attack over the weekend dill concern killed four israeli soldiers in central israel. new questions about the targeting of areas in central gaza, over the weekend a school was hit by israeli fire killing 232 people. among the dead were -- 322 -- 232 -- 22 people. >> translator: a child like this born in the war one year and one month old, i mean, what is his fault? what is their fault, children, martyrs? gaza is finished. gaza is over. where are the arabs? children are dying. women are i doing and no one is looking out for us. women are dying. >> reporter: the bottom line here, there is no diplomatic solution on the table to end the war between israel and hamas or

the war between israel and hezbollah. liz? liz liz trey yingst, thank you very much. all right, from the middle east to the far east, thein and the yang of chinese stock is the in full swing. i don't know, which one is down, yang or yin? alibaba, tin duo -- pinduoduo with, a clear reversal from the gains that began in late september when stimulus was announced. everybody got all excited and the stock market over there summered, hong kong's hang seng surged11% since the announcement. the shenzhen overnight and the shanghai on mainland china started to tank, 2 percent if apiece. the stimulus-fueled rally has begun to falter as the government's latest plan, which it unveiled this weekend including a promise to recapitalize banks, fell flat. what does the man known as the father of emerging markets and previously a china a bear say about all of this?

mark mobius, chairman of moan yous emerging opportunities fund, is here. well, it's a little bit of a moving for the, isn't it? first the government makes these stimulus announcements, mac, and suddenly the success -- mark, and suddenly the stocks started skyrocketing back in late september. now it's almost as if t not packing the same punch. what do you make of that? >> well, you see the market went up far, far too much, as you know. you're talking about the index was up something like 40 percent, and many of the stocks were up more than that. so you had an incredible reaction to the government stimulus measures which was too much. so now we're getting a correction. however, the dam has broken. let's put it that way. we're in a situation now where the government is not going to let up. hey going to continue lowering -- they're going to continue lowering interest rates, they're going to continue feeding money into the market and actually giving money to people to invest in the market.

so i think you're going to see some of these stocks doing very well going forward after this correction. we already had a very big correction, about one-third of what it went up, and i think now you're going to see some of these markets doing very well and some of the stocks doing very well. liz: this is interesting because you were a china a bear for quite some time, and you were also concerned the last time you were here about the fact that you were having trouble taking your money out of china that you had invested due to, i guess, government, long arm of the law kind of hinge. so you are now -- kind of thing. you are now bullish, correct? is there a safer way of buying these chinese-listed stocks? >> yes. i mean, the money i had in there is out. it was a hitch up with the banks. liz: good. [laughter] >> now it's out, it's done. they're making it much easier for people the get money in and out. and, of course, what they're doing is trying to encourage more money the come in and, therefore, hay don't want to

have a situation where people are afraid to get money out. so, yes, i think it's a good idea if you look at some of these stocks, particularly those listed in hong kong. companies like alibaba, tencent, so forth, they're in hong kong, you can buy them. byd, you know it's the big electric car manufacturer, i think these are interesting companies to look at now that the situation's changed to is dramatically. liz: well, let me just give tencent9 a shout-out here. it had been a $33 stock this year. it is now at a $52 at the moment, annual high, $632. so while it -- 62. while it has pulled back recently because i guess the punch is not as strong from these stimulus announcements, tencent is one of these conglomerates that looks pretty interesting to a lot of people because it had sold off over the past couple of years. how long do you think this rally lasts, and isn't that worrisome for investors who feel like her at the whims of xi jinping,?

>> well, i think you have a situation where once the government moves on stimulus measures, they're don't let up very easily until they accomplish what they're trying to accomplish. and probably the most significant thing is the change in attitude at the top level. xi jinping made the statement that they wanted to encourage enterprises. this is a very big, big change from his previous statements where he said, look, the government should be the leader of the economy, should be the one advancing the economy. now he is changing, and that's very, very good news for entrepreneurs in china and coming back to china. so i think we've seen quite a big sea change in what's happening. now, the big problem, of course, is the u.s. sanctions and and particularly in the high-end chips. as you know, the u.s. government has recently announced more sanctions to not allow some of these chips to get into china.

but you must remember china's not standing still. they are developing their own chip edge. it's going the -- technology. it's going to take the time, but they're doing more and more in this correction. is many of these companies have been hurt by the -- like alibaba has been hit by this. they're going to be the recovering going forward. liz: so -- mark just froze. can we get him back? mark, can you hear me? i had a really important question, and my question was, he said, well, now things have changed, and xi jinping is saying -- mark, you can hear me. oh, he's not -- [laughter] because he's in dubai. it's a little tough. i mean, as quickly as things change, they could actually change back, could they not, mark? >> oh, they could. there's no question about it. but i think the direction's clear, the chinese government's not going to want to let up because they still have this big

housing problem. property prices are coming down. they have to make sure that the various processes not going to get into more financial difficulty which is why they're giving more loans and lowering interest rates. so the game9 is not other, let's put it that way. and for that reason, many of these companies will be doing very well going -- things can change, but i don't think it's going to happen, the change is not going to happen very quickly. liz: we're 20 days out from the election, if you haven't heard, mark -- [laughter] you've got to tell me what you think about, i suppose, what might cowell for emerging markets. you have said in the past that a trump win would make emerging countries feel there's, quote, more stability. yet he is also a calling for pretty significant tariffs on other countries. i mean, how does that make things more stable? >> well, 10% tariff increase for

most countries is not going to be significant. i think they can easily, absorb that -- liz: he said 20, right? >> well, 20 for some countries but not for all. i believe 10 would be the one, is the one that he probably will go for. but he also realizes that raising tariffs too high is going to create inflation in america as well. so i think many of these countries are not that concerned about these tariff increases. what they are concerned about a, of course, is the u.s. dollar and the u.s. economy generally was they -- because they want to have a healthy u.s. economy so they can do business in the u.s. and if you look at the u.s. dollar, you'll see that the dollar's getting stronger against many of these merging market currencies concern emerging market currencies. that that's quite a reversal compared to a few months ago. so that's a very significant change as well. liz: yeah. the u.s. dollar's been fired up

pretty much for the past couple of days. we'll continue to watch all of it. mark motorcycle yous, pulling a 180. likes china stocks right now. we'll be watching all of this. thanks so much. good to see you. >> thank you. liz: gop if presidential candidate donald trump facing questions over the impact of tariffs today at the economic club of chicago. the polls show he is neck and neck with his rival vice president kamala harris. so we are going to bring in former trump senior adviser kellyanne conway to talk about the art of the re-election business style. ♪ what does a good investment opportunity look like? at t. rowe price we let curiosity light the way. asking smart questions about opportunities like ai. and how the industries born to support ai might better support us all. better questions. better outcomes. liberty mutual customized my car insurance so i saved hundreds. with the money i saved i thought i'd get a wax figure of myself.

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♪ >> to me, the most beautiful word in the dictionary is tariff. it's my favorite word. it needs a public relations -- [applause] firm to help it. but to me, it's the most

beautiful word in the dictionary. liz: former president donald trump in just the last couple of hours counseling down on his tariff plan to an audience of 600 business executiveses at the chicago economic club. he plans to use tariffs to raise revenue for the united states while claiming foreign countries will have to pay the price rather than americans. with just 20 the days from the election, neither trump, nor vice president harris hoe has broken away. though has broken away. as fox news just put out new power rankings for the presidential race, we have the forecast. the forecast shows the road to 270is going to be a toss-up. harris is forecast to win at least 32226 lek concern 226 the electoral votes with trump securing at least 219 leaving 7 states, which equals about 93 votes, down the middle. both candidates try to to lure voters with their respective economic plan, i want to bring in former senior counselor to president trump and campaign

manager during the 20216 rex are, fox news contributor kellyanne conway. when you hear him say tariff is the most beautiful word, what goes through the your mind? >> what goes through my mind is that president trump means to put incentives, not mandates, mt. system, liz. so recently he said, hey, i'm going to get the corporate tax rate down to 15% if you want to the produce in america. i know he's got the heart of an exporter, not an importer. he count understand why we are importing all of these goods and services from foreign countries that don't buy our own. and he wants made in america, made in the usa to be the standard, the rule, not the exception. and he did make significant moves many if that direction, particularly early in his term pre-covid and would again. look, when it comes to tariffs, many of our private trades, our union households, many american workers, non-college-educated households hear tariff k and they hear him say it's going to be more pair for you, more resip

to procall for the united states of america. where are the trade dealses from biden-harris? where's the economic plan that actually has growth in it? so i think tariffs are both a tool and a policy. and when asked previously how he would pay for some of these tariffs, president trump has made very clear that he would undo things like build back better if he can or the green new deal, all this stuff that caused us to spend money on things we don't knee concern -- this money we don't have. i don't think you going to find americans disagreeing with a center-right, capitalist president arguing we need to get tougher on china. and one of the many ways to do so in addition to, frankly, getting fentanyl out of this cunning concern country, not doing these forced technology transfers is through tariffs and raid policy. donald trump had brand new trade deals with china, with japan, with korea, with mexico and canada, and he was on the verge of working one out with the e.u. when covid hit and shut

everything down. liz: okay. so there's a lot there, absolutely. but let's tackle some of this. and you say that americans really want to to see this kind of thing. and it does sound really good when you say that you're going to charge, meaning tariff concern slap tariffs on countries that obviously have tariffs on our goods. but the "the wall street journal" just did a poll, and it's the one they've been doing for 50 years. they poll a bunch of economists. i know, roll your eyes here, because economists always have consistent thoughts. [laughter] but economists say inflation and deficits will be higher under donald trump than harris. pleasure now, in there they said that both have policies that are inflationary, okay? let's definitely make that clear. but trump has proposed tax cuts on overtime pay, social security benefits, breaks for auto loan interest, bringing back state and local tax deductions. but when you look at the tariff part of it, and this is really important to me and i wanted to be really clear about this, "wall street journal" also pointed out better to tax

foreign entities for entering the american market than impose new taxes on american families sounds really good. it's emotionally resonant, but at odds with economic theory and mountains of evidence. american consumers, not foreign producers, will bear any tariff's brunt. if what do you say to that? this is the journal. >> i'd say that president trump -- sure. president trump heard that before, and he was presented with that particular report and study today at the chicago economic club, liz, as you know from a pretty hostile moderator. i think way that president trump is sometimes treated by folks who invite him to have a conversation so that we, the voters, can understand what the policies are, what's at a stake for us, we're trying to pay the monthly bills, we're trying to save a little bit for a rainy day. and yet with the hostility and president trump, i think, brushed him back by basically saying i've heard all before. and you predicted it about my

tariffs the first time. you also predicted it about my economy, and everybody was wrong. i can tell you from the per pebtive of voters when it comes to inflation and the overall economy, americans are far more trusting of president trump than vice president harris. why? because they lived through both economies. they are living through inflationary pressures right now. not just the cost of gas and groceries, that's a three-and-a-half year example, liz, but we see the cost of housing, rent and mortgages. we see the auto loans, the insurance, the utilities, the repairs. so i think people are going to look at the economic plans in full. and if i were vice president harris, i wouldn't have tried to distance myself so much from the biden-harris administration and try to sound like some kind of middle class tax cutter. i would have stay9 the course, and then you'd have more credibility hitting trump on things like tariffs. kamala harris refused to do that same interview. she was also invited. the the men on her campaign somehow don't want the woman the talk to audiences like that.

liz: actually, she's going to be on bret baier tomorrow on fox news -- >> that's great. i'm thrilled. liz: that is a multimillion audience, so she's going to reach a lot more people there -- >> yes, it is. liz: let me just give bret a shout-out for that tomorrow. >> oh, yeah. liz: the "wall street journal" also said this about inflation, that inflation under trump, prices would rise faster than under harris. so if you look at that that, 68% said prices would rise faster under trump than under harris. a lot of this is tied to the tariff aspect but a lot of it is tied to, listen, both of them are making all kinds of freebie promises about cutting taxes here, cutting taxes there. and as we watch this deficit, $2 trillion, and the debt, $35 trillion and climbing, i checked the debt clock recently, like this morning, and it was $35.22 trillion. in the pretty. i just wonder, where do we hear cutting?

and donald trump does poll way better on the economy. people trust him more with the economy. that is very clear. but that said a, said, where is the discussion of i've really got to cut government spending? and that may mean entitlements. >> liz, i'm with you on that. i'm an old-fashioned republican when it comes to debt and cutting government where it makes sense, where it is intrusive, expensive, evasive and expanse i. and we can all come up with programs that that we think would were qualify. i do hope president trump will come out with a plan like that. but let me just say this, only one of them between kamala harris and donald trump voted into law, actually signed into law or voted at all for the for the tax cut and jobs about of 2017. it's set to ebb pyre next year, and if it does, we're all in big trouble. people probably don't realize heir living under that. they were living under the deregulatory agenda, they were

living urn energy independence. we were net exporter or os concern of natural gas for the first time, now they're pausing the lng permits to make hem climate change compliant which means putin is selling fuel -- liz: we're producing more than we ever have. we're at record production here in this country. i know you know that. >> but so all the more reasons why attack the keystone pipeline jobs on day one and cancel them? if why attack oil and gas and go after fossil fuels -- liz: excellent question. i agree with you on that. no, and i think these conversations need to be part of the overall conversation about who is better for the american people. not just your kitchen able, cappuccino counter considerations, but really for small businesses. i think small businesses, liz, get ross lost in this larger conversation. we're talking to individual taxpayers, mothers and fathers. let's talk to moms and pops. because i remember that the nfib survey of small businesses a had

just consecutive months of confidence under president trump, and just last week, last month, excuse me, when i addressed the national association of manufacturers here in d.c. right before president trump called in to their meeting the next day, we had the 31st consecutive month of the nfib survey of small businesses being negative. they said they can't get ahead. i really think as we go into these last couple weeks, we should be focuses on the effect of tariffs, of taxes, regulations, energy policy, all of it with respect the small businesses because people know it's the bedrock, the heart and soul of our country. and, liz, people also know even if they're not an hone -- other than or employee of a small business, we're pro-intend nile. we applaud and appreciate and lift up and try to support and help survive and thrive those small businesses in this country. liz: kellyanne, great to see you and thank you very much for coming on. >> thank you. appreciate it. all the best. liz: to you too. fed rate cuts bringing down the cost of capital which is good news for cash gluttonous

sectors. our countdown closer is focused on one in particular. he's going to tell you about it when we return. dow jones industrials sliding even more, down about 338 points. ♪ ♪ where ya headed? susan: where am i headed? am i just gonna take what the markets gives me? no. i can do some research. ya know, that's backed by j.p. morgan's leading strategists like us. when you want to invest with more confidence... the answer is j.p. morgan wealth management

it's our son, he is always up in our business. it's the verizon 5g home internet i got us. oh... he used to be a competitive gamer but with the higher lag, he can't keep up with his squad. so now we're his “squad”. what are kevin's plans for the fall? he's going to college. out of state, yeah. -yeah in the fall. change of plans, i've decided to stay local. oh excellent! oh that's great! why would i ever leave this? -aw! we will do anything to get him gaming again. you and kevin need to fix this internet situation. heard my name! i swear to god, kevin! -we told you to wait in the car. everyone in my old squad has xfinity. less lag, better gaming! i'm gonna need to charge you for three people.

liz: hurricane milton destroyed thousands of homes on the gulf coast but were they doomed to building mistakes and build within storm surge zones and ground with poor drainage systems and what does this mean for future? ashley webster is live in manatee county, florida. ashley. ioashley: hey, liz, you're lookg at construction of homes and neighborhood made up of homes tested to hurricane category 5 levels and in the last two years, four hurricanes have come through here and most life-threatening relent seizure disorders helene and then milton with 100 miles an hour winds and video of how that affected the naked next to the water and the streets are covered in water but didn't take long for those waters to go through the drainage system, move out and by the way, most importantly they didn't flood the homes.

this perk is one of the first people moving into the neighborhood and never left during the hurricane. you have a lot of faith in these homes? >> absolutely. i watched the house being built and i was a contractor my whole life and watched it being built from ground up. first day i came here it was at ground level and they were putting in fill to bring the house up to a higher grade. ashley: the surrounding areas, which you can't really see, it's absolutely decimated and huge storm surge and roofs ripped off but inside this neighborhood, you'd never know it and never lost power because you have a solar power system along with a big battery in the house. >> absolutely. we stayed comfortable. you couldn't run your air conditioning because you wanted to make sure you saved the battery. other than that, we were fine. turn on the fans. ashley: thank you very much. these homes are like

$1.2-$1.8 million. out of the price range for many but they hope the technology can be spread among more affordable housing especially as they built into the future with these storms becoming more and more frequent. liz, back to you. liz: sometimes regulations do matter and they're actually good when it comes to that. great to see you, ashley. thank you very much. markets slipping from records and not going to be today and dow down 354 and s&p down 49 and nasdaq lower by 201 find out 2.5 minutes of trade and founder jordan kimmel. you're bullish on bio-tech. >> they're really looking to partner up with these guys. liz: they need them. >> absolutely. this is not a trend i'm thinking about. what i like to do is see what happens and i latch on board. so, you know, you always value growth and momentum and bio-tech is the hardest and all bio-tech

showed me you want to look for the companies that are partnering up with the big guys and lead to the next step and three of them have great revenues and margins and big pharma partnering up. liz: these are smaller lesser known names. what's the advantage? >> the whole idea, liz, we come on and people talk about the same three stocks every day. you want these institutions to be buying and big pharma know what is they're doing and one thing are names that not everyone brings every day.

liz: listen, guys, we see red ons screen here and no records for the dow, s&p and all they would have needed was a fraction of the gain and that would have done it but a bit of a breather here and tune in tomorrow when airbnb cofounder and ceo brian chesky joins us and that's been a fascinating one. that's going to do it for us. kudlow is next. larry: president trump at economic club of chicago earlier today defending tax cuts and smart tariffs and other things. steve moore, john carney will be here in just a moment. first up, ou